Cgates receives loan for network modernisation

SEB Bank has provided Lithuanian cable company Cgates with a LTL6.5 million (USD2.52 million) loan to help with the expansion and modernisation of the operator’s network, reports Lithuanian business news daily Verslo Zinios. The funds will be allocated to improving Cgates’ infrastructure in the cities of Vilnius, Kaunas, Marijampole, Alytus, Silute, Lentvaris and Vilkaviskis.